242 Falling Creek Drive
Nebo, NC, 28761 $ 586,000
Bedrooms3 Baths3.0 Sq 2,103 Monthly Estimate*
$ 4,047
for $586,000 with 3 bedrooms and 3 full baths. This 2,103 square foot home was built in 2004 on a lot size of 3.77.
Cozy Mountain Cabin with Creek Frontage, Mountain Views & Extensive Updates in Katy Creek Community! Don't miss this opportunity to own a cozy mountain cabin in the desirable Katy Creek Community! Situated on 3.77 acres in southern McDowell County, this property offers beautiful mountain views, frontage along Muddy Creek, privacy, and the peaceful mountain lifestyle you've been looking for. Start your mornings on the spacious wraparound deck with a cup of coffee while taking in the mountain views and tranquil surroundings. The outdoor living spaces are perfect for relaxing, entertaining, or gathering around the fire pit. Enjoy the added charm of the pergola and lower deck, creating even more space to soak in the beauty of the outdoors. Inside, the home features 3 bedrooms and 3 bathrooms, along with additional finished basement living space currently used as a guest suite. The basement features custom cabinetry, additional flooring, and a finished staircase, making it ideal for extended family, overnight guests, or your own private retreat. An added exterior door provides convenient access to the lower deck. This property has seen numerous updates and improvements, including a new roof in 2025, two new mini-splits, a concrete driveway to the basement, updated landscaping with evergreens and perennials, and a new dishwasher in 2024. Additional improvements include a large rear deck with pergola and lower level deck for the basement level, a buried 500-gallon propane tank and a gas option added to the existing electric stove hookup. Even better, select furnishings are included in the sale, making your transition to mountain living that much easier! Included items feature outdoor deck furniture purchased in 2024, fire pits, kitchen table and chairs, downstairs bedroom furniture, a sleeper sofa, TVs, and basement shelving. Other furnishings and household items may be negotiable. When you're ready to explore, there's plenty to enjoy throughout Western North Carolina. Experience breathtaking fall colors, local festivals, hiking and biking trails, unique shops, great dining, and endless outdoor recreation. With Lake James nearby and Asheville and Hickory within easy reach, you'll have plenty of opportunities for day trips and new adventures. Come enjoy mountain views, creek frontage, privacy, and plenty of room to spread out on 3.77 beautiful acres. Whether you're looking for a full-time residence, a relaxing weekend getaway, or a place to gather and entertain family and friends, this inviting mountain retreat offers the perfect opportunity to enjoy all that Western North Carolina has to offer. Come see all this mountain getaway has to offer and imagine making it your own!
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FeaturesGeneralLiving Area 2103
Sewer Septic Installed
Heating Ductless Heat Pump
Cooling Central Air Ductless
Appliances Dishwasher Electric Range Refrigerator
HOA Fee 500
Construction Materials Log
Year Built 2004
View Mountain(s)
Levels One
Property Subtype Single Family Residence
Parcel Number 1648-00-77-0940
Waterfront Features Other - See Remarks
Assoc Fee Paid Per Annually
County McDowell
New Construction N
Property Type Residential
HOA Y
Subdivision Name Katy Creek
Garage Y/N N
Full Baths 3
Directions From interstate 40 at exit 86. Head south on 226 go 7.6 miles turn left onto clearwater Dr. Go thru the gate and go half a mile turn right onto Falling Creek Dr. Go .3 miles and the house will be on
High School McDowell
City Nebo
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Glenwood
Middle/Junior High School East Middle
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 293660
Listing Terms Cash Conventional FHA
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InteriorBasement Partially Finished
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 1446
Half Baths 0
Laundry Features In Bathroom
Total Bedrooms 3
Below Grade Finished Area 657
Total Baths 3
SqFt Main 1446
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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ExteriorParking Features Driveway
Water Source Well
Lot Size Area 3.77
Foundation Details Basement
Road Surface Type Asphalt Paved
Road Responsibility Private Maintained Road
Main Level Garage YN N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,047
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Nebo, NC
Average List Price $1,021,918
Percent of Sale Price 74%
About Nebo, NC 8,593 Population
20% Since 2002
$ 44,309 Median Income
44.82 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
1884611 Elementary School
2172681 Middle School
McDowell High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/29/2026 | $586,000 | | Listed Price |